When creating a currency in NetSuite, it is essential to define the Default Exchange Rate (to Root Subsidiary Currency). This rate establishes the relationship between the foreign currency and the base currency, serving as a foundation for various financial calculations. Definition of Default Exchange Rate The Default Exchange Rate is the value of the base… Continue reading Default Exchange Rate When Creating a Currency in NetSuite
Tag: Currency record
Allocating Subsidiaries and Currencies
Jira Code: TRS:575 We can allocate all the subsidiaries and currencies to a customer or vendor after get created. This will ensure that all the active subsidiaries (children) and currency will allocate to all of the customers and vendors.This is achieved using a User Event script which will trigger after the record creation. Basically the… Continue reading Allocating Subsidiaries and Currencies